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NACS reiterated its support for the Restoration of America's Wire Act
December 7,2015 : US STORE OWNERS TRADE ASSOCIATION REITERATES SUPPORT FOR R.A.W.A.
Ticket retailers fear that state lotteries going online will impact their businesses.
The National Association for Convenience and Fuel Retailing (NACS) in the United States has made no secret of its anti-internet lottery position in the past and has reiterated its support for the Restoration of America's Wire Act, a federal proposal that seeks to prevent state lotteries from making their own decisions regarding online lottery activity.
In a statement on its website this week, NACS says that diverting lottery sales traffic to the Internet would "...significantly affect the profitability of convenience retailers. The average customer who comes to buy a lottery ticket spends $10.35 in the store, compared to $6.29 for non-lottery customers."
The trade body appears to be hoping that US state lotteries' interest in internet sales and games to enhance the betting experience and access the millennial demographic will retreat in the face of federal legislation.
Interestingly, the statement includes information on a study conducted in Virginia (it does identify the researcher, date or title) which it claims found that the state could bring in $3.5 million in profits from online lottery operations alone, or $6.4 million to $102 million through full online gaming in the first operating year.
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Gambling News :
Unibet Name Changed to Kindred Group plc -
Following an extraordinary general meeting at which shareholders approved the change of the Unibet title and brand to Kindred Group plc, the online gambling group will begin trading under the new name on December 12.
Kenya Betting Control Board Reviewing Changes -
Kenya's booming sports betting sector could be facing stiffer government controls, especially regarding marketing, advertising and promotions, according to local media reports revealing that parliament is studying potential amendments to the Betting, Lotteries & Gaming Act.
Britan To Tighten SpreadBetting Controls -
The UK media reported widely Tuesday that Britain's Financial Conduct Authority has announced a crackdown on spread betting using contracts for difference (CFDs) following FCA research that showed 82 percent of clients had lost money in the sector.
Playtech to Buy Back 50 Milliuon in Shares -
#playtech In a statement, the company said that the decision reflects continued confidence in the growth and prospects of the business and its high cash generation, and revealed that it continues to trade in-line with expectations.
Sentencing in Vietnam Gambling Bust -
The People’s Court in HCM City handed down sentences Monday to dozens of defendants linked to a major online sports betting ring dismantled last year by Vietnamese police.
Gamevy in Deal With Betsson -
#Gamevy says it is partnering with several leading operators to deliver bespoke content that offers a real point of difference to players and increases brand loyalty.
Pkr To Offer Virtual Sports -
#pkr The long established and respected online poker and casino operator PKR.com has followed its switch to Microgaming's MPN network earlier this year and the more recent launch of its live dealer offering with a new Virtual Sports attraction powered by Kiron Interactive.
Boris Becker New PartyPoker ambassador -
#partypoker To celebrate the signing PartyPoker has created a Beat the Ace competition in which players get the opportunity to test their skills and luck in four $5,000 freerolls which started December 5. The overall winner will then get to play Becker heads up live in Germany for up to $25,000.
Snowmania Slot Launches -
Capturing the festive feel in the now chilly northern hemisphere, RealTime Gaming has released its December offering, a 5 reel, 20 pay-lines online slot with a jackpot of 37,500 coins.
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